Ares Management (ARES) Revenue — Quarter Ended Dec 31, 2025
Revenue declined compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential drop ended a pattern of rising revenue over the prior three quarters.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue declined compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential drop ended a pattern of rising revenue over the prior three quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-9.2%
Change from the immediately preceding quarter.
Year-over-year
+19.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2025 | $1.1B | +53.9% |
| Jun 30, 2025 | $1.4B | +71.2% |
| Sep 30, 2025 | $1.7B | +46.7% |
| Dec 31, 2025 | $1.5B | +19.5% |
Revenue performance
The reported quarter's revenue was lower than the immediately preceding quarter, yet higher than the same quarter one year ago.
Quarterly comparison
Compared to the prior quarter, revenue decreased, reversing the upward momentum seen in the three preceding quarters. Compared to the same quarter a year earlier, revenue remained higher.
What to watch
The sequential decline marks a departure from the prior growth trajectory and may warrant monitoring in future quarters.